Answer:
d. price floor
Explanation:
A price floor is a government mandated mininum price that is higher than the market equilibrium price.
This means that supply and demand do not meet because prices are not allowed to go any lower than the price floor.
The most famous example of a price floor is the minimum wage. A minimum wage is a price of labor that is higher than the market equilbrium. This produces a surplus of workers because supply (workers) is higher than the demand for them (which is determined by the firms).
Answer:
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Answer:
Explanation:Yes,Because sidewalks are always on the right side.
Answer:
A point on the curve
Explanation:
The production possibility frontier is a curve that shows the maximum output of two good that can be gotten if all resources available are fully and efficiently employed. Labour is one of such resources and all points on the PPF means that all resources are fully and efficiently utilized. Hence, labour like every other resource that is fully utilized will be on a point on the PPF.
Answer:
The problem with economic globalization is that the economic benefits are not shared equally. Officers and shareholders of international corporations are in a position to get richer, while the poor get poorer. The plight of the poor might be lessened by welfare, but the bigger problem is the resulting insane wealth of international capitalists, which gives them more political power by financing politicians and buying media outlets to influence voters.
